Daily Archives: March 8, 2017

Badagry Economic Summit Maiden Edition To Hold On March 23th To 24th

…Economic summit will boost investments opportunity in Badagry

The Badagry Convention and Visitors Agency [BCV Agency] had concluded plans to hold the maiden edition of Badagry Economic Summit on March 23rd and 24th in Lagos.

Dr Temidayo Hephzibah, the Director, Marketing and Administration of the Agency disclosed this while discussing with journalists on the preparedness of the Agency to host the maiden edition with the theme: Unleashing Investment Opportunities around Historic and Coastal Zones of Epe and Badagry.

He said that Badagry Economic Summit is a bi-annual conference that puts together stakeholders from all works of life in the private and public sector.

“The summit is to open to the world the investment opportunity abound in Badagry and for deliberations on how best to harness and explore the investment potential around Badagry economy, ” he said.

According to him, Badagry Convention and Visitors Agency [BCV Agency] was formally established in August 2016 to market Badagry as a destination.

He added that the utmost aim of the agency was to bring economic growth to the people of Badagry and its environs. He said, “Badagry Economic Summit is a bi-annual platform established by Badagry Convention and Visitors Bureau to create economic opportunities surrounding the ancient city blessed with several natural economic endowments.

“This Summit is designed to bring together corporate organisations and individuals to share ideas about Badagry opportunities. Epe become part of the maiden edition of the summit because of its similarity in terms of history, location and resources.

“The main objective of the summit is to provide direction into the reality of making Badagry an international market hub for investment and leisure activities. The summit will also bring together regional and international industry experts including investors to discuss investments opportunities around Badagry and other coastal neighbourhood of Lagos state such as Epe axis.

“Deep sea port investment naturally attracts a huge number of business activities ranging from logistic park operations, bonded terminals, and so forth. This is the best time every maritime and logistics operator in West Africa should position themselves to be key players in what is to be Africa’s largest sea port in Badagry,”Dr Temidayo added.

Mr Ashamu Sewanu Fadipe, the Bureau’s Chief Executive said that top tourism experts and investors were being mobilised for the summit to explore investment opportunities in the area.

Fadipe said that the summit would showcase the abundant investment opportunities in Badagry so as to lure investors and tourists to the area.

“There is no doubt that investment opportunities abound in Badagry, we have all it takes for investors to invest in.

“The community is blessed with rich historical and cultural heritage, crude oil, serene beaches, coconut plantation, seaport and massive land for development.

“If all these potentials are properly utilised, it will boost the economy of Badagry and increase the Internal Generated Revenue (IGR) of Lagos State.

“At a time like this in Nigeria when government calls for opinion on economic diversification with focus on tourism, federal government of Nigeria will be glad to see leadership direction that harnesses tourism economic potentials in Badagry as a model to replicate tourism investment in order parts of the country,” he said.

Abuja Airport Finally Closed At Midnight Yesterday For Runway Repair

The Nnamdi Azikiwe International Airport [NAIA], Abuja, finally closed at midnight yesterday for six-week rehabilitation work on its runway.

It was learnt that the repair exercise and logistics would cost N5.8bilion according to Minister of Information and Culture, Lai Mohammed and his counterparts in Transportation, Rotimi Amaechi as well as that of Aviation, Hadi Sirika announced yesterday to put an end to weeks of speculations, debates and apprehension on a likely postponement of the closure date given the state of preparedness at the Kaduna Airport.

Mohammed said the airport, which would be closed for six weeks would be officially shut from 12 a.m. today.

Minister of Transportation, Rotimi Amaechi, said the Federal Government had fulfilled its promise to make the Kaduna Airport available and ready as an alternative.

However, workers still need to fit electricity, seating and toilets to a new terminal at the Kaduna Airport, which will handle the capital’s air traffic but lacks capacity.

Most floor and ceiling tiles have been fitted and all air conditioning units have been installed, but electrical fittings remain work-in-progress, chairs for the arrival and departure areas lie strewn about and a car park expansion is incomplete.

This situation runs contrary to the statement of the Managing Director of FAAN, Saleh Dunoma, who said in Abuja, the Kaduna Airport is now set for international operations.

According to Dunoma, “All the things we need for international operations are on ground. What is important actually is the safety equipment for the landing of the aircraft. We have seen the runway is good, the Instrument Landing System [ILS] has been installed and the terminal building is ready.

He added: “I think this is one of the luckiest airports. They have five generators as standby power supply. So we have more than enough. Also, Fola Akinkuotu, Managing Director of the Nigerian Airspace Management Agency [NAMA], told the News Agency of Nigeria [NAN] that once the Abuja Airport was closed, NAMA would deploy the mobile tower from the airport to Kaduna to complement what is already on ground.

Akinkuotu said: “As far as this [Kaduna] airport is concerned, NAMA management is very satisfied that we have done a good job.

Meanwhile, Ethiopian Airlines has signalled its readiness to commence flight to the Kaduna Airport despite the contrary position taken by most Western Airlines; like British Airways, Lufthansa among others.